The U.S. leads in 14 of 18 industries shaping the future economy — but the lead isn’t guaranteed

Geopolitics are dominating headlines, and trade conflict is accelerating. In this context, countries and companies need to position themselves well in the right industries to sustain profitable growth. What are those industries?

The McKinsey Global Institute (MGI) identified 18 “arenas” in 2024—industries that stand out for their dynamism and future potential in both revenues and profits. They include an “AI foundation” set of industries (semiconductors, cloud services, and AI software...